Gbu Scholarship Foundation Inc

Analysis

Gbu Scholarship Foundation Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 1965, 61 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gbu Scholarship Foundation Inc reported income of $419k and spending of $236k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $308k to $419k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gbu Scholarship Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include America Salutes You LLC ($419k), Habitat for Humanity International Inc ($419k) and Neighbor-To-Neighbor Incorporated ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $3.0m against liabilities of $4,909, net assets of $3.0m.